Ho Chi Minh City "finalizes" infrastructure, investors, plans to launch International Financial Center on December 19

VTV.vn - Ho Chi Minh City has completed infrastructure, human resources and attracted investors, and is expected to launch the Vietnam International Financial Center on December 19.

Meeting scene. Photo: VGP/Nguyen Hoang

At a working session with Permanent Deputy Prime Minister Nguyen Hoa Binh on the progress of the implementation of the Vietnam International Finance Center in Ho Chi Minh City on the afternoon of December 9, Dr. Truong Minh Huy Vu, Director of the Institute for City Development Studies, said that the city has prepared the steps in terms of infrastructure, human resources, investors, etc. to operate the center, which is expected to open on December 19.

Accordingly, the city has prepared the headquarters for the Vietnam International Finance Center in Ho Chi Minh City (the executive and supervisory bodies), divided into three phases.

Phase 1: The headquarters will be located on the 6th floor of the building at 123 Truong Dinh Street. Phase 2: The headquarters will be located at 8 Nguyen Hue Street. This building is currently undergoing renovations and is expected to be completed before the Lunar New Year 2026. Phase 3: Construction of the completed International Finance Center in the Thu Thiem area.

Regarding technical infrastructure and data, Mr. Vu said that departments are reviewing the entire system, including the city's digital infrastructure and data center system. Currently, the city has 16 data centers, some of which meet high standards and can be used for the operations of the International Finance Centre.

Regarding investors, Ho Chi Minh City stated that there are currently more than 50 investors and organizations interested in the Vietnam International Finance Center in Ho Chi Minh City, comprising four groups: infrastructure, finance, technology, and digital services.

Within the framework of the recent Autumn Economic Forum 2025, the city has officially contacted 20 investors and identified 10 partners who are ready to accompany and become founding members of the Vietnam International Finance Center in Ho Chi Minh City. It is expected that as soon as the center is launched, 10 investors will sign on to participate.

To operate the International Financial Center effectively, the representative of the Ho Chi Minh City People's Committee requested that central ministries and branches support the dispatch of experts and appropriate personnel to ensure that the supervisory agency operates effectively from the beginning.

Regarding the general progress of implementation, Ms. Mai Thi Thu Van, Deputy Head of the Government Office, said that ministries and branches are currently focusing on completing 8 Decrees guiding the implementation of Resolution No. 222/2025/QH15 of the National Assembly on the International Financial Center in Vietnam, serving the formation of the International Financial Center. According to the report, most of the content has been completed and is in the final review process.

According to Ms. Mai Thi Thu Van, with the current progress, it is likely that all documents will be completed before December 19, creating the basis for putting the mechanisms into operation. After this stage, the next important task will be to establish a coordination apparatus and operating mechanism for the International Financial Center.

After listening to the reports from all parties, Deputy Prime Minister Nguyen Hoa Binh requested the Ministry of Finance to soon organize a meeting with the participation of Ho Chi Minh City and Da Nang to unify the operating model of the Vietnam International Financial Center, and review the regulations so that it can be implemented in the first phase.

Regarding facilities, Permanent Deputy Prime Minister Nguyen Hoa Binh emphasized the need to prepare infrastructure flexibly, avoiding the situation of "working while waiting", ensuring that the Center's operations are not interrupted during the initial phase.

Regarding the issue of human resources for financial operations and supervision, the Government has determined that there are not many domestic officials who have direct experience with the International Financial Center model. Therefore, a feasible option in the initial stage is to apply international experience: the proportion of foreign human resources can dominate, then gradually decrease as the domestic team matures. Government leaders also noted the requirement to strictly comply with regulations, avoid risks in the process of signing, approving and implementing operations...

The Government strives to issue Decrees related to the International Financial Center before December 15, to create a legal framework and operating platform for the center.

Source: https://vtv.vn/tp-ho-chi-minh-chot-co-so-ha-tang-nha-dau-tu-du-kien-ra-mat-trung-tam-tai-chinh-quoc-te-vao-ngay-19-12-100251210090735114.htm